Wednesday, June 26, 2019

Neiman Marcus goes 'dark'

Retail Dive
Neiman Marcus will stop filing public statements with the Securities and Exchange Commission, according to a Form 15 document filed June 21 with the federal agency. The department store’s debt holders number "less than 50," according to the filing.

The department store, which two years ago abandoned an effort to go public, is able to "go dark" because its reporting requirements were tied to its debt, which was renegotiated earlier this year. Neiman Marcus didn’t immediately respond to Retail Dive’s request for comment on the move.. . . more